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DraftKings Sponsoring WSOP Event
Friday May 29,2015 : D.F.S. AND POKER CROSS-OVER EVENT PLANNED FOR WORLD SERIES OF POKER
DraftKings sponsors special event.
The booming world of daily fantasy sports will intersect with live poker action at a special event sponsored by DFS market-leader DraftKings and the World Series of Poker in the current 46th edition of the prestigious Las Vegas tournament, which kicked off this week.
WSOP spokesman Seth Palansky said that in keeping with the tournament's business philosophy of always been in tune with new and innovative developments, the daily fantasy sports phenomenon has been incorporated into this year's event 55 - the $1,500 buy-in DraftKings 50/50 no-limit Texas hold 'em competition, scheduled for June 27.
Fifty percent of entrants will cash in the event instead of the more conventional 10 percent of the field, and the format will echo that used in DFS competitions. Three days have been set aside for the event, in which players will start with chip stacks of 7,500, competing in levels lasting for sixty minutes.
The very flat pay-out structure will mean smaller prizes and more cashes than WSOP players are used to, but a potentially bigger and more exciting field that taps into a current betting trend.
In related news, entrance levels in the first two (still running) events in this year's WSOP have not been as well patronised as last year.
Event 1 - the $565 buy-in Casino Employees NLHE competition entrance list at 688 was 27 percent lower than last year, whilst Event 2, a $5,000 buy-in NLHE contest attracted 422 players - down 39 percent on 2014.
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Gambling News :
Tom Horn Awarded Malta Gaming License -
Online gambling software provider Tom Horn Gaming has been awarded a Malta Gaming Authority license that permits the company to host and manage Malta-based gaming operators.
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Attack of the Zombies Slot -
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Why is FullFlush Poker Still Down -
Its now almost a month since Full Flush Poker went offline "for a platform upgrade" and stopped communicating with its reportedly many unpaid and unhappy players. All trace of the operator - and means to communicate with it - have vanished.
Time Running Our For Pennsylvanian online gambling -
Hopes that this week would see the Pennsylvanian Senate voting on an online gambling and DFS legalization bill already passed by the House four months ago dwindled Wednesday when no progress was made and the legislatures season officially closed.
Yggdrasil Gaming Expanding -
The Swedish online gambling games developer Yggdrasil Gaming is to establish a new parent company and expand its Stockholm office as it bolsters its presence in Sweden with a raft of new hires.
FanDuel and DraftKings Settle With NY Attorney General -
Speculation earlier this week that daily fantasy sports market leaders FanDuel and DraftKings were about to agree a settlement on consumer fraud suits prepared by the New York AG was confirmed Tuesday when a $12 million settlement was announced.
Stan james Now Live With EPOS -
The company switched to the Optima server less system across its entire estate in July after previously using Optima EPOS technology. The switch was completed early this (October) month and has already delivered noteworthy savings for the company.
Singapore Online Gambling Ban Begins -
Singapore media reports indicated Tuesday that restricted online gambling services offered by the Singapore Pools have started online operations, whilst Singapore Turf Club will commence online betting activity on November 15.
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